https://www.taxtmi.com/caselaws?id=379889 The Tribunal upheld penalties imposed on the assessee for long-term capital gains and cash deposits. It rejected the assessee's explanations and legal challenges, affirming the penalties under Section 271(1)(c) of the Income Tax Act. The penalties were upheld for failing to report capital gains accurately and provide evidence for cash deposits, despite the assessee's claims and challenges being dismissed. en-us Tue, 30 Apr 2019 00:00:00 +0530 Wed, 08 May 2019 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379889 The Tribunal upheld penalties imposed on the assessee for long-term capital gains and cash deposits. It rejected the assessee's explanations and legal challenges, affirming the penalties under Section 271(1)(c) of the Income Tax Act. The penalties were upheld for failing to report capital gains accurately and provide evidence for cash deposits, despite the assessee's claims and challenges being dismissed. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379889